Short Interest in Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) Drops By 71.5%

Franklin International Core Dividend Tilt Index ETF (NYSEARCA:DIVI) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 34,367 shares, a decline of 71.5% from the August 15th total of 120,419 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 259,150 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin International Core Dividend Tilt Index ETF

A number of large investors have recently added to or reduced their stakes in DIVI. Sunbelt Securities Inc. grew its position in shares of Franklin International Core Dividend Tilt Index ETF by 677.6% in the third quarter. Sunbelt Securities Inc. now owns 661 shares of the company’s stock valued at $25,000 after purchasing an additional 576 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of Franklin International Core Dividend Tilt Index ETF during the third quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in shares of Franklin International Core Dividend Tilt Index ETF during the 1st quarter worth about $33,000. Wells Fargo & Company MN raised its position in shares of Franklin International Core Dividend Tilt Index ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,082 shares of the company’s stock worth $42,000 after purchasing an additional 250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Franklin International Core Dividend Tilt Index ETF by 32.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $71,000 after buying an additional 444 shares in the last quarter.

Franklin International Core Dividend Tilt Index ETF Stock Up 1.0%

Shares of DIVI stock traded up $0.43 during trading hours on Friday, hitting $44.12. 109,626 shares of the company’s stock were exchanged, compared to its average volume of 211,873. Franklin International Core Dividend Tilt Index ETF has a fifty-two week low of $36.59 and a fifty-two week high of $44.89. The firm has a market cap of $2.74 billion, a P/E ratio of 14.82 and a beta of 0.68. The firm has a 50 day moving average of $43.77 and a two-hundred day moving average of $42.55.

Franklin International Core Dividend Tilt Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Developed Markets ex-North America Target Market Exposure Index and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.